Extreme Vision Enters Up To $7.46 Million Investment Management Deal

Extreme Vision (06636) said it has entered into an investment management agreement with China Securities Asset Management (Hong Kong) as manager, appointing it to provide discretionary investment management services for assets held by the group, according to ETNet. The total investment amount will be up to $7.46 million. The group said investment returns are not guaranteed and the expected annualized return is about 6%. Funding will come from internal resources. Under the agreement and investment guidelines, the account assets may be invested in medium- or lower-risk funds, medium- or lower-risk fund-linked notes, liquidity management tools and medium-risk convertible bond strategy structured notes. Up to 100% of the account's net asset value may also be placed in liquid assets, including bank deposits, certificates of deposit, commercial paper and Treasury bills, for cash management purposes.